Asian gold demand rebounding as Swiss exports to India surge

Reuters/Staff/3-18-2021

photo of stacks of gold bars“Switzerland in February sent gold to mainland China for first time since September and shipments to India and Thailand rose to multi-year highs, suggesting that demand for bullion in Asia is recovering from the coronavirus shock.

USAGOLD note: The East buys on weakness and the West buys on strength.  We may be getting to a time though when pent-up demand in the East based upon its rising prosperity competes at the same time with growing investment demand in the West based on concerns about currencies and bond markets systemic risks.

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